1281 Barrett RD

$415,000

1281 Barrett RD

5 Beds 6 Baths 2,731 Sq.Ft.

Description

40K REDUCTION! BRING AN OFFER. $60,540 annual income! Check out this multifamily complex on the market! This property features a quadplex, (4 units), and a separated 1 unit building. This property is sitting at a 6.5% Cap Rate with potential of a value add! The separate 5th unit includes a fridge, sink, stovetop, standing shower, toilet, & wall AC unit... Each standard unit of the quadplex is 1 bed 1 bath. 2 have wall A/c and 2 have central air. Cable is available. Unit 1 is remodeled, unit 2 is the largest unit with a den but no closet so it is still considered a 1/1. Units 3 & 4 are standard 1/1's. This property also features an oversized shop across from unit 4, which is currently used at storage. The Quadplex has a new roof installed. Water and electric is connected to 1 meter. All 5 units have tenants in place as well as property management in place. There is a shared common area for laundry on site. Please call with any questions I will answer them to the best of my knowledge. I have leases to share if needed. This Property has huge upside potential! Agents Please See Remarks in regards to showings.

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Location

1281 Barrett RD, NORTH FORT MYERS, FL 33903

Status

Sold

Tyler Kinney

TITLE

REALTOR®

LICENSE

P3458102

PHONE

(239) 247-3944

[email protected]

CONTACT AGENT

Property Amenities

Interior

Flooring Tile

Total Bedrooms: 5

Full Bathrooms: 6

Area & Lot

Lot Area 0.59 Acres

Living area 2,731 Sq.Ft.

MLS® ID 222045979

Year Built 1982

Water Frontage None

Architecture Styles Ranch, One Story

Type Multi-Family

Status Sold

Exterior

Stories 1

Air conditioning Central Air, Electric, Wall Unit(s)

Heat type Central, Electric, Wall Furnace

Water Source Public

Sewer Public Sewer

Lot Features Rectangular Lot

Roof Shingle

Finance

Sales Price $415,000

Real Estate Tax $4,696 yearly

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Thinking Real Estate

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$415,000

1281 Barrett RD

Description

Share Property

Location

Status

Tyler Kinney

Property Amenities

Interior

Area & Lot

Exterior

Finance

Navigate Our Property Selection

$12,000,000

$10,500,000

$9,450,000

$5,950,000

$5,300,000

$5,300,000

$5,250,000

$4,600,000

$4,600,000

Thinking Real Estate

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